Covid-19 Updates

Due to the impact of the COVID-19 outbreak, there have been changes in how the majority of the world is conducting business. At Williamson Accounting we are well-positioned to assist our clients while we fight this virus.
We currently provide services to many of our clients remotely and can make alternate arrangements while meeting the government protocols that are in place.

Various programs are available to help Individuals and Businesses that have been financially impacted by COVID-19. Where some programs have ended others have started.
Employers can apply to receive part of their employee wages as a subsidy. Applications are also retroactive for prior periods.
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The Canada Recovery Benefit (CRB) gives income support to employed and self-employed individuals who are directly affected by COVID-19 and are not entitled to Employment Insurance (EI) benefits.
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Eligible businesses, non-profits, and charities can apply for the Canada Emergency Rent Subsidy (CERS) to cover part of their commercial rent and property expenses.
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Originally launched on April 9, 2020, CEBA is intended to support businesses by providing interest-free loans up to $40,000.
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The Canada Recovery Sickness Benefit (CRSB) gives income support to employed and self-employed individuals who are unable to work because they are sick or need to self-isolate due to COVID-19.
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The CERB gives financial support to employed and self-employed Canadians who are directly affected by COVID-19. The program has ended and replaced by (CRB), however, applications are retroactive until December 2, 2020.
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The Canada Emergency Student Benefit (CESB) provided financial support to post-secondary students and recent post-secondary and high school graduates who were unable to find work due to COVID-19. The applications closed on September 30, 2020.
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Stay on top of your filing requirements.

Tax Filing Due Dates

2021 Season

It appears that the 2021 season will be a normal filing season.

Tax Filing Due Dates
Income Tax Checklists and Forms

The 2020 year was a very difficult one. Given the entire world was faced with the Coronavirus pandemic. It caused the CRA to move the filing deadline to support individuals and businesses affected by the pandemic.

We are unclear whether similar measures will be given for the 2021 tax season.

Filing Your Return

If you received benefits from CERB, CESB, CRB, CRSB, or CRCB it is considered a taxable benefit. You will need to file a tax return to report these amounts. For these amounts, you will receive a T4A or T4E tax slip in the mail. Your slips will also be available online as of February 2021 in My Account.

Temporary Tax Credit:
Canadians can claim up to $400 in stay at home expenses if they had to work from home due to the COVID pandemic.

The government introduced a new temporary flat rate method to simplify the process of claiming the deduction for home office expenses for the 2020 tax year. In order to apply, you need two forms filled out, as well as a calculator to figure out the total costs of your office expenses.

Please contact us if you have any questions regarding the forms you must complete to file your income tax return.

The support you can count on during difficult Times